Friday, November 14, 2008

GE Officers Confident

GE Ceo Jeff Immelt bought $820,000 worth of stock on the open market. Another officer bought $700,000 worth of stock. Both these acquisitions were on the open market.

This is a good sign for the company. Hopefully this represents a bottom for the stock. This should mean the dividend is safe too. There has been belief that the dividend may get slashed would send the stock lower.

*Disclosure* Long General Electric

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